American President Donald Trump Threatens to Cancel Government Contracts of Companies Related to Elon Musk

Controversy continues between American President Donald Trump and Billionaire Elon Musk. Trump has said that he is considering cancellation of government contracts received by Musk’s companies. America is a major market for Musk’s companies. A dispute with Trump -led US government may have an impact on the billions of dollars of Spacex’s rocket company Spacex due to a dispute. Apart from this, his electric vehicle (EV) company can also create difficulties for Tesla.

“We will see everything. It is a lot of subsidy amount,” Trump told reporters. Along with this, Trump said that there is no plan to interact with Musk. Trump’s tax -related bill was opposed by Musk. Trump alleges that the major reason for opposing this bill of Musk is not getting tax benefits on the purchase of electric vehicles. The US transportation department regulates the design standard and this can affect Tesla’s new launch. The company’s driver-assistance software is also being investigated in the US. Market analysts say Tesla’s stock is suffering a major loss due to Musk’s politics.

However, after the dispute escalated, Musk had expressed a desire to reconcile, but Trump says that he does not have a plan to interact with Musk. Tesla and Spacex receive billions of dollars from the US government through contracts or subsidies. Spacex, involved in the world’s highest value startups, has received contracts worth over $ 22 billion from the US Space Agency NASA and Defense Department.

Musk had helped Trump a lot during the election. Musk was also given important responsibility in the US government. In March this year, Trump also bought Tesla’s electric car to support Musk. Tesla’s electric car Trump praised that he wanted to drive the car. Trump had reported that he has also bought the company’s cybertruck along with Tesla’s model S.